Operating Segments (Tables)

3 Months Ended

May 02, 2026

Schedule of Financial Information by Operating Group

The table below presents certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.


	First Quarter
	Fiscal 2026		Fiscal 2025
Tommy Bahama
Net sales	$	224,636	$	216,175
Cost of goods sold	77,107		76,450
Gross profit	$	147,529	$	139,725
Operating costs:
Variable and distribution costs	14,299		13,300
Advertising costs	10,674		10,147
Employment costs	49,095		47,287
Occupancy costs	24,376		22,778
Other segment items (1)	8,967		7,889
Tommy Bahama Segment EBITDA	$	40,118	$	38,324
Lilly Pulitzer
Net sales	$	90,373	$	99,042
Cost of goods sold	35,090		34,113
Gross profit	$	55,283	$	64,929
Operating costs:


Variable and distribution costs	5,379		6,048
Advertising costs	8,654		8,525
Employment costs	13,610		13,659
Occupancy costs	5,098		5,443
Other segment items (1)	7,535		8,202
Lilly Pulitzer Segment EBITDA	$	15,007	$	23,052
Johnny Was
Net sales	$	37,850	$	43,473
Cost of goods sold	12,968		15,355
Gross profit	$	24,882	$	28,118
Operating costs:
Variable and distribution costs	2,211		2,151
Advertising costs	4,198		5,534
Employment costs	9,429		10,261
Occupancy costs	4,898		5,389
Other segment items (1)	5,355		4,812
Johnny Was Segment EBITDA	$	(1,209)	$	(29)
Emerging Brands
Net sales	$	38,624	$	34,248
Cost of goods sold	17,917		13,934
Gross profit	$	20,707	$	20,314
Operating costs:
Variable and distribution costs	3,456		2,447
Advertising costs	2,872		3,148
Employment costs	5,812		6,577
Occupancy costs	1,666		1,868
Other segment items (1)	3,925		3,423
Emerging Brands Segment EBITDA	$	2,976	$	2,851
Corporate
Net sales	$	(81)	$	(77)
Cost of goods sold (2)	4,437		723
Gross profit (loss)	$	(4,518)	$	(800)
Unallocated Corporate costs and income (3)	13,631		10,229
Corporate EBITDA	$	(18,149)	$	(11,029)
EBITDA	$	38,743	$	53,169

(1)For all reportable segments, other segment items primarily consist of software costs, professional services costs, other selling, general and administrative costs, royalties and other income and provisions for credit losses.

(2)Cost of goods sold for Corporate and Other included a LIFO accounting charge of $4 million in the First Quarter of Fiscal 2026 and less than $1 million in the First Quarter of Fiscal 2025.

(3)Unallocated Corporate costs for Corporate and Other primarily consist of unallocated employment and other overhead expenses.

The following table presents a reconciliation (in thousands) from EBITDA to consolidated operating income, earnings before income taxes, and total net earnings:


	First Quarter
	Fiscal 2026		Fiscal 2025
EBITDA	$	38,743	$	53,169
Depreciation and amortization	16,380		16,963
Operating income	$	22,363	$	36,206
Interest expense, net	2,282		1,726
Earnings before income taxes	$	20,081	$	34,480
Income tax expense	5,093		8,299
Net earnings	$	14,988	$	26,181

The tables below present certain financial information (in thousands) about our reportable segments, as well as Corporate and Other.


	First Quarter
	Fiscal 2026		Fiscal 2025
Depreciation and amortization
Tommy Bahama	$	7,730	$	7,577
Lilly Pulitzer	3,703		4,915
Johnny Was	2,380		3,381
Emerging Brands	918		944
Corporate and Other	1,649		146
Depreciation and amortization	$	16,380	$	16,963
Purchases of Property and Equipment
Tommy Bahama	$	10,589	$	6,968
Lilly Pulitzer	1,834		2,959
Johnny Was	541		455
Emerging Brands	7		2,143
Corporate and Other	9,800		10,902
Purchases of Property and Equipment	$	22,771	$	23,427


	May 2, 2026		January 31, 2026		May 3, 2025
Assets
Tommy Bahama (1)	$	701,498	$	693,069	$	695,801
Lilly Pulitzer (2)	232,861		214,411		225,040
Johnny Was (3)	157,432		161,255		229,534
Emerging Brands (4)	115,041		122,465		124,463
Corporate and Other (5)	131,021		117,758		64,868
Consolidated Total Assets	$	1,337,853	$	1,308,958	$	1,339,706

(1)Increase in Tommy Bahama total assets from May 3, 2025, relates primarily to an increase in operating lease assets and property and equipment partially offset by a decrease in receivables.

(2)Increase in Lilly Pulitzer total assets from May 3, 2025, relates primarily to an increase in operating lease assets and software related assets partially offset by a decrease in property and equipment, receivables and inventories.

(3)Decrease in Johnny Was total assets from May 3, 2025, relates primarily to the $57 million Third Quarter of Fiscal 2025 impairment charge for intangible assets and the amortization of acquired intangible assets. In addition, decreases

in operating lease assets, property and equipment and receivables were partially offset by an increase in deferred tax assets.

(4)Decrease in Emerging Brands total assets from May 3, 2025, relates primarily to a decrease in operating lease assets, a $4 million Third Quarter of Fiscal 2025 impairment charge for goodwill and intangible assets related to Jack Rogers and a decrease in property and equipment and receivables.

(5)Increase in Corporate and Other total assets from May 3, 2025, relates primarily to an increase in property and equipment related to the new distribution center project in Lyons, Georgia.

Schedule of Net Sale by Geographic Area

Net sales by geographic area are presented in the table below (in thousands). The other foreign amounts primarily relate to our Tommy Bahama operations in Canada and Australia.


	First Quarter
	Fiscal 2026		Fiscal 2025
Net Sales
United States	$	383,043	$	385,159
Other foreign	8,359		7,702
	$	391,402	$	392,861

Schedule of Net Sales by Operating Group

The tables below quantify net sales, for each reportable segment, as well as Corporate and Other, and in total (in thousands), and the percentage of net sales by distribution channel for each reportable segment, as well as Corporate and Other, and in total, for each period presented. We have calculated all percentages below based on actual data, and percentages may not add to 100 due to rounding.


	First Quarter Fiscal 2026
	Net Sales		Retail	E-commerce	Food and Beverage	Wholesale	Other
Tommy Bahama	$	224,636	44%	20%	17%	19%	—%
Lilly Pulitzer	90,373		37%	38%	—%	25%	—%
Johnny Was	37,850		38%	43%	—%	19%	—%
Emerging Brands	38,624		17%	41%	—%	42%	—%
Corporate and Other	(81)		—%	—%	—%	—%	NM %
Total	$	391,402	39%	29%	10%	22%	—%


	First Quarter Fiscal 2025
	Net Sales		Retail	E-commerce	Food & Beverage	Wholesale	Other
Tommy Bahama	$	216,175	45%	19%	16%	20%	—%
Lilly Pulitzer	99,042		35%	42%	—%	23%	—%
Johnny Was	43,473		37%	38%	—%	25%	—%
Emerging Brands	34,248		19%	38%	—%	43%	—%
Corporate and Other	(77)		—%	—%	—%	—%	NM %
Total	$	392,861	39%	29%	9%	23%	—%